Verizon Communications Inc. (VZ) Shares Bought by BTR Capital Management Inc.

BTR Capital Management Inc. boosted its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,202 shares of the cell phone carrier’s stock after purchasing an additional 2,706 shares during the period. BTR Capital Management Inc.’s holdings in Verizon Communications were worth $1,879,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cedar Hill Associates LLC increased its stake in shares of Verizon Communications by 7.7% in the second quarter. Cedar Hill Associates LLC now owns 13,539 shares of the cell phone carrier’s stock worth $681,000 after purchasing an additional 968 shares in the last quarter. West Oak Capital LLC increased its stake in shares of Verizon Communications by 2.9% in the third quarter. West Oak Capital LLC now owns 34,650 shares of the cell phone carrier’s stock worth $1,850,000 after purchasing an additional 970 shares in the last quarter. Bailard Inc. increased its stake in shares of Verizon Communications by 1.0% in the second quarter. Bailard Inc. now owns 99,356 shares of the cell phone carrier’s stock worth $4,999,000 after purchasing an additional 977 shares in the last quarter. Live Your Vision LLC increased its stake in shares of Verizon Communications by 24.0% in the second quarter. Live Your Vision LLC now owns 5,166 shares of the cell phone carrier’s stock worth $265,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Vantage Financial Partners Ltd. Inc. increased its stake in shares of Verizon Communications by 6.7% in the second quarter. Vantage Financial Partners Ltd. Inc. now owns 15,879 shares of the cell phone carrier’s stock worth $799,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 65.02% of the company’s stock.

VZ has been the subject of a number of analyst reports. Barclays cut shares of Verizon Communications from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $56.00 to $50.00 in a research note on Tuesday, September 4th. Moffett Nathanson reissued a “neutral” rating and issued a $56.00 price objective on shares of Verizon Communications in a research note on Tuesday, September 4th. Zacks Investment Research raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, September 25th. Bank of America reissued a “buy” rating and issued a $58.00 price objective on shares of Verizon Communications in a research note on Monday, October 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Verizon Communications from $59.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 24th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Verizon Communications currently has an average rating of “Buy” and an average target price of $56.22.



VZ opened at $58.08 on Friday. The firm has a market cap of $239.79 billion, a P/E ratio of 15.53, a P/E/G ratio of 2.53 and a beta of 0.49. Verizon Communications Inc. has a fifty-two week low of $46.08 and a fifty-two week high of $61.58. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.97 and a quick ratio of 0.93.

Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, October 23rd. The cell phone carrier reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.03. The company had revenue of $32.61 billion during the quarter, compared to analysts’ expectations of $32.45 billion. Verizon Communications had a net margin of 24.71% and a return on equity of 35.50%. Verizon Communications’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. As a group, research analysts predict that Verizon Communications Inc. will post 4.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be paid a dividend of $0.6025 per share. This represents a $2.41 annualized dividend and a yield of 4.15%. Verizon Communications’s payout ratio is 64.44%.

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About Verizon Communications

Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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